After Comparing Every Covered Call Nasdaq-100 ETF These 3 Pay Up to 14 Percent Without Capping Your AI Upside

1 hour ago 2

David Beren

Sat, July 25, 2026 astatine 2:34 PM CDT 6 min read

Quick Read

QQQI pays a 14% output utilizing tax-efficient Section 1256 scale options, portion GPIQ writes calls connected lone 25-50% of notional to sphere AI upside.
QQQ returned 26% implicit the trailing year, and JEPQ's antiaircraft banal sleeve and beta of 0.83 commercialized immoderate of that AI upside for smoother drawdowns.
Act now: the expert who called NVIDIA successful 2010 conscionable named his apical 10 AI stocks — and GPIQ didn't marque the cut. Grab the names FREE today.

Covered telephone ETFs connected the Nasdaq-100 person multiplied implicit the past 3 years, with newer entrants solving a occupation that plagued aboriginal funds: delivering double-digit yields without capping the AI-driven appreciation that makes the scale worthy owning. Three funds basal retired for balancing that commercialized successful materially antithetic ways. The JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ), the NEOS Nasdaq-100® High Income ETF (NASDAQ:QQQI), and the Goldman Sachs Nasdaq-100 Premium Income ETF (NASDAQ:GPIQ) each constitute calls against Nasdaq-100 exposure, yet nutrient chiseled profiles for yield, taxation treatment, and information successful a rally.

Three achromatic cubes spelling 'ETF' successful reddish superior letters are arranged connected a yellowish surface. In the background, a achromatic and greenish fiscal illustration shows an upward trend, with immoderate reddish elements indicating marketplace movement.

The underlying scale matters due to the fact that Invesco QQQ Trust (NASDAQ:QQQ) has returned 26% implicit the trailing year, driven by NVIDIA, Microsoft, and Alphabet holdings that predominate each money connected this list. A covered telephone strategy that caps excessively aggressively surrenders astir of that. One that caps excessively small collects humble premium. The 3 ETFs beryllium astatine antithetic points connected that spectrum.

Why Covered Calls On The Nasdaq-100 Are Working Right Now

Covered telephone funds merchantability upside optionality for currency premium. When implied volatility is elevated, premiums fatten, and distributions rise. The CBOE Volatility Index sits astatine 17, somewhat beneath its 12-month mean of 18, aft spiking to 31 successful March. That premix of episodic fearfulness and structural AI enthusiasm has kept Nasdaq-100 enactment premiums affluent capable to money monthly distributions ranging from astir 10% to 14% annualized.

Act now: the expert who called NVIDIA successful 2010 conscionable named his apical 10 AI stocks — and GPIQ didn't marque the cut. Grab the names FREE today.

Fund plan has changed successful caller years. Rather than penning at-the-money calls connected the afloat portfolio, newer funds constitute out-of-the-money calls connected a portion of notional, usage flexible onslaught selection, oregon trust connected scale options for taxation treatment. Those choices let the 3 funds beneath to punctuation yields adjacent treble digits portion capturing a meaningful stock of a bull marketplace successful mega-cap tech.